Under the existing norms, only investments by domestic investors or residents in closely held companies were taxed over and above the fair market value. This was commonly referred to as an angel tax.from Tech-Economic Times https://ift.tt/IHCEscD
I-T department invites comments on draft rules for valuing startup investment by non-residents
Under the existing norms, only investments by domestic investors or residents in closely held companies were taxed over and above the fair market value. This was commonly referred to as an angel tax.from Tech-Economic Times https://ift.tt/IHCEscD
Hyundai, LG announce $4.3-billion plant in Georgia to build batteries for electric vehicles
The Hyundai-LG plant is supposed to be able to supply batteries for 300,000 electric vehicles per year, which is the initial projected production of the adjoining vehicle assembly plant.from Tech-Economic Times https://ift.tt/Q3UnOIh
OpenAI offers $100,000 grants for ideas on AI governance
The $100,000 grants will go to recipients who present compelling frameworks for answering such questions as whether AI ought to criticize public figures and what it should consider the "median individual" in the world, according to a blog post announcing the fund.from Tech-Economic Times https://ift.tt/zAyu8QU
Some betting apps continue advertising despite ban; fintechs push for decentralised KYC regime
Happy Friday. A bunch of gaming and getting firms continue operations and ads across online platforms despite a government ban. This and more in today’s edition of ETtech Morning Dispatch.from Tech-Economic Times https://ift.tt/wIWiYR9
What is Volt Typhoon, the alleged China-backed hacking group?
Nearly every country in the world uses hackers to gather intelligence. Major powers like the US and Russia have large stables of such groups - many of which have been given colourful nicknames by cybersecurity experts, like “Equation Group” or “Fancy Bear.”from Tech-Economic Times https://ift.tt/OTKZBJA
Acquirer of Silicon Valley Bank announces layoffs at the failed institution; no impact on team based in India
CEO Frank Holding said the move would only affect "select" corporate Silicon Valley Bank positions, adding that neither employees in customer-facing jobs, nor members of a team based in India, would be impacted.from Tech-Economic Times https://ift.tt/NxvLbVD
Twitter crashes during Ron DeSantis US presidential run announcement
Twitter outages have been more numerous under Musk's ownership. In March, thousands of users reported problems accessing links posted on the platform.from Tech-Economic Times https://ift.tt/IbA6d8O
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